OCA Plan Puts Judges on Hand in Foreclosure Conferences

, New York Law Journal


The upcoming assignments at the four jurisdictions with the heaviest foreclosure volume are a response to complaints from homeowners' attorneys that lenders are sending representatives to conferences who have no authority to make decisions.

What's being said

  • Ravi Batra

    A major step forward, which is necessary to lessen the pain that Wall Street wrought on Main Street. With this plan‘s success, its a win win for Main Street and Wall Street.

    The singular "hole" in this otherwise commendable plan is that the "judge on call" ought not be adverse to taking on the banks, as some judges are ideologically so and believe that the "note" should be paid per its terms no matter its predatory or discriminatory nature, and thereby eliminate any gains this protocol can achieve. Here, the "devil is in the detail" means who.

    Dated: 5/1/14
    Ravi Batra

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